The House Financial Services Committee on Wednesday approved a group of bills designed to make it easier for small companies to raise capital and relax regulations for investors, or potentially set the stage to make it easier.

House Speaker Paul D. Ryan will face the same factions in his Republican caucus that helped sink the GOP health care measure. (Bill Clark/CQ Roll Call)

House Speaker Paul D. Ryan wasted no time, fresh off his defeat on the Republican health care plan, in pivoting to priorities like a tax overhaul. But the constituencies pulling his party in different directions will still be present for those complicated debates as well.

“Our members know that we did everything we could to get consensus,” the Wisconsin Republican said shortly after he pulled a measure that would have partially accomplished what has motivated his party for more than seven years: getting rid of the 2010 health care law. But in the end, the GOP’s factions pulled it in so many directions that they couldn’t even muster a majority to pass a bill that would put a win on the board.

President Donald Trump sits in the cab of a big rig truck as he welcomed members of American Trucking Associations to the White House on Thursday. A day later, the health care overhaul package he backed was pulled because too many House Republicans opposed it. (Alex Wong/Getty Images)

The death of President Donald Trump’s first major legislative initiative raises major questions about his ability to keep the fractious Republican caucus together and work with House Speaker Paul D. Ryan.

GOP House members handed Trump another early-term setback Friday by killing the health care bill he demanded they take up when too many of them refused to support it. The White House and Ryan signaled their next legislative move would be a pivot toward a sweeping tax overhaul package that could prove just as tough to pass.